Bit of a reversal of recent trends going on today for iron ore equities with Chinese iron ore and rebar futures up, 2 and 10 points respectively, but the locals getting smashed, with FMG leading the way.
Here are latest relative performance charts. In recent times, juniors have arrested falls as the price hasn’t breached new lows and bong-smokin’ hopes of acquisitions persist despite busted business models:
The majors have all been enjoying time in the sun as fundies buy the “volume to outpace price” drivel:
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